6.1% cap absolute net lease colorado springs, co

Information contained herein has been obtained from sources deemed reliable, but not guaranteed. Buyer to verify.

6.1% CAP ABSOLUTE NET LEASE NATIONAL TENANT COLORADO SPRINGS, CO

715 VALLEY STREETCOLORADO SPRINGS, CO 80915

FOR SALE: $1,400,000

• 9 years remaining on absolute net lease

• 3% annual increases

• 6.1% cap rate – actual

• National tenant

• Well maintained property

• Great location in Colorado Springs

EXCLUSIVELY REPRESENTED BY

Peter Beugg, SIORManaging DirectorStream Realty [email protected]

Tyler Reed, SIORManaging DirectorStream Realty [email protected]

Greg Pieratt, SIORPrincipalLee & [email protected]

mailto:[email protected]




UNITED SITE SERVICES – COLORADO SPRINGS, COLORADO

Stream Realty Partners is pleased to exclusively offer for sale a United Site Services (land and building) leased investment located at 715 Valley Street, Colorado Springs, Colorado 80915.

THE INVESTMENTThe subject property is comprised of a 14,700 SF building that was built in 1978. The building is situated on a 1.92 acre lot. The lessee is United Site Services of Colorado, Inc. which is the leader in portable toilet rentals, restroom trailer rentals, and temporary fencing. The company has over 90 locations across the United States and has a nearly 20-year operating history. The 10-year lease is absolute triple net (NNN) with no landlord responsibilities and has 9 years remaining. Additionally, the lease features rental escalations of 3.00% annually and two 5 year options with 3.00% annual increases.

STRATEGIC LOCATIONThe subject property is strategically located in southeast Colorado Spring, Colorado. The property is conveniently located off North Powers Boulevard and Highway 24 providing excellent access to Highway 24. This site ideally suits the unique needs of the tenant with a large fenced yard consisting of 1.92 acres being utilized for outside storage. The structure on the property lendsperfectly to the tenant’s needs. These include a warehouse/storage facility, office, and fence repair area. This bodes well from an investor’s perspective due to the tenant’s unique needs as there are a very limited number of properties available that meet what this site has to offer. The odds the tenant will decide to relocate after their initial lease term expires are very low.

GALLEY ROAD

N

TERMINAL AVENUE

715 VALLEY STREET


INVESTMENT HIGHLIGHTS

INVESTMENT HIGHLIGHTS

Price $1,400,000

NOI $85,284

Cap 6.1%

PROPERTY FEATURES

• New roof with transferable warranty

• Storage yard

• New asphalt in yard area

• Dock high and drive in loading

• Approx. 15% office

Date 4/1/17 4/1/18 4/1/19 4/1/20 4/1/21 4/1/22 4/1/23 4/1/24 4/1/25 4/1/26

NOI $82,800 $85,284 $87,842 $90,478 $93,192 $95,988 $98,867 $101,833 $104,888 $108,035

Increase 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Cap Rate 6.0% 6.1% 6.3% 6.5% 6.7% 6.9% 7.1% 7.3% 7.5% 7.7%

TERMS, BASE RENT AND OPTIONS

Lease Commencement 4/1/17

Lease Expiration 3/31/27

Lease Term 10 years

Lease Type Absolute Triple Net

PROPERTY OVERVIEW

Address 715 Valley StreetColorado Springs, Colorado 80915

Tenant United Site Services, Inc.

Building Size ±14,700 SF

Land Size ±1.92 acres

Taxes $18,107 (2017)

Year Built 1978

Zoning I-2


UNITED SITE SERVICES – COLORADO SPRINGS, COLORADO

FUNCTIONAL PROPERTYSmaller user buildings with yard are always in demand from tenants, regardless of the market cycle; thus the real estate will always maintain above-market value.

IDEAL LONG TERM PASSIVE INVESTMENTThe property features a recent 10 year lease with 9 years remaining on an absolute triple-net (NNN) basis. Tenant is responsible for roof and HVAC repairs. *(See lease for details related to roof and HVAC repairs and replacement.)

STRONG TENANTUnited Site Services is the nation’s leader in portable toilet rentals, restroom trailer rentals, and temporary fencing. The company has 2,700+ employees and over 90 locations across the United States. United Site Services was recently acquired by Platinum Equity a global mergers and acquisitions and operations company. United Site Services of Colorado, Inc. is a wholly owned subsidiary of United Site Services, Inc.

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https://www.platinumequity.com/


715 VALLEY STREET, COLORADO SPRINGS, COLORADO

Excess yard allows up to a 15,000 SF

expansion


UNITED SITE SERVICES – TENANT SUMMARY

United Site Services is a rental and service company providing portable sanitation, temporary fence and other services in the United States. It is headquartered in Westborough, Massachusetts. The company’s customer base includes the construction industry, private and commercial events, businesses, and local, state and federal governments.

First known as United Liquids, United Site Services was started in 1999 by Scott Lemay and Terry McNabb, originally incorporatedin Mansfield, Massachusetts. On October 5, 2000, United Liquids announced its name change to United Site Services. The corporation started growth with the acquisition of Handy House, Inc., a portable toilet rental company located in Foxboro, Massachusetts on January 10, 2000. In its first year of business, United Site Services acquired seven portable toilet companies throughout Massachusetts and Connecticut. By the end of 2009, United Site Services had acquired nearly 80 companies and expanded its rental and service product offerings beyond portable sanitation. Between 2000 and 2010, its service reach expanded from 4 states to 23.

United Site Services’ rental equipment and site services consist of portable toilets, portable sinks, temporary fencing, steel storage containers (commonly known as a shipping container), mobile office containers, restroom trailers, shower trailers, temporary power installation, large power engine-generators, erosion control (SWPPP), septic tank pumping, grease trap pumping, and street sweeping. Only portable toilets, portable sinks, restroom trailers and temporary fence are available for rent at every location, while other rental products and services are available at select locations.

INDUSTRIES SERVED MAJOR EVENTS / CLIENTS PRODUCTS / SERVICES

• Construction

• Events

• Fairs & Festivals

• Running Events

• Speedway Rentals

• Wedding Restrooms

• Agriculture

• Seasonal Events

• Emergency

• Government

• Industrial

• Super Bowl/NFL

• Boston Marathon

• Marine Base Camp Pendleton

• Cali. Speedway (NASCAR/Indy car)

• Daytona Int. Speedway

• Rose Bowl - Pasadena

• Coachella Music Festival

• Rock N Roll Marathon Events

• President Obama Inauguration

• Coachella Music Festival

• Portable Restrooms

• Hand Hygiene

• Showers

• Holding Tanks

• Restroom Trailers

• Fences

• Roll Off Trash

• Temporary Power

• Septic Tank Pumping

• Grease Trap Services

• Portable Storage

United Site Services, Inc.• Founded: 1999

• Headquarters: Westborough, MA

• Industry: Rental

• Locations: Over 90 locations in 30 states

• Website: UnitedSiteServices.com


Platinum Equity Completes Acquisition of United Site ServicesPress Release · August 28, 2017

LOS ANGELES (August 28, 2017) – Platinum Equity today announced it has completed the acquisition of United Site Services (USS). Financial terms of the transaction were not disclosed.

United Site Services, based in Westborough, Mass., is a leading provider of portable restrooms, temporary fence and related site services. The company serves customers throughout the United States through a network of more than 80 locations and the largest fleet of portable sanitation equipment in the country.

United Site Services has completed a number of acquisitions over the past several years and its M&A efforts are expected to accelerate under Platinum Equity’s ownership.

“We look forward to partnering with the USS management team to drive continued growth and help maximize performance throughout the business,” said Platinum Equity Partner Louis Samson. “The company has proven to be a strong platform on whichto build and it will benefit from the additional M&A and operational resources our team brings to bear.”

USS CEO Ron Carapezzi said USS and Platinum Equity are a great fit.

“This is exciting news for our company and our customers and we are thrilled about the prospect of partnering with Platinum Equity,” said Mr. Carapezzi. “They have the financial, M&A and operational tools we need to reach the next level.”

United Site Services has completed several acquisitions over the past 18 months. Mr. Carapezzi said the company is well positioned for continued growth and he expects M&A efforts will only accelerate under Platinum Equity’s ownership.

“We look forward to partnering with the USS management team to drive continued growth and help maximize performance throughout the business,” said Platinum Equity Partner Louis Samson.

“We will continue pursuing opportunities to acquire portable sanitation and related services companies in key markets while leveraging Platinum’s operational expertise to improve our customer value proposition, enhance our operating effectiveness and increase our profitability,” said Mr. Carapezzi.

About Platinum EquityFounded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with $13 billion of assetsunder management and a portfolio of approximately 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed 200 acquisitions.

About United Site ServicesUnited Site Services provides a positive personal experience in a temporary environment. As the nation’s leader in the industry,United Site Services has more than 80 locations coast to coast providing quality portable restroom rentals and temporary fence rentals. Delivering on customer service first, United Site Services has expansive national reach with local roots to the communities it serves. To learn more about United Site Services, visit www.unitedsiteservices.com.

Investor Relations and Media Contacts:Mark Barnhill, Partner, 310.228.9514Dan Whelan, Senior Vice President, 310.282.9202

UNITED SITE SERVICES ACQUIRED BY PLATINUM EQUITY

http://www.unitedsiteservices.com/


36.3%BACHELOR’S DEGREE OR

HIGHER

COLORADO SPRINGS, COLORADO - DEMOGRAPHICS

POPULATION 1 Mile 3 Mile 10 Mile

2018 Total Population: 7,438 80,725 217,935

2023 Population: 7,973 86,928 234,330

Pop Growth 2018-2023: 7.19% 7.68% 7.52%

Average Age: 33.50 34.30 35.10

HOUSEHOLDS

2018 Total Households: 2,950 30,617 84,533

HH Growth 2018-2023: 7.32% 7.70% 7.55%

Median Household Inc: $53,655 $54,356 $51,652

Avg Household Size: 2.50 2.60 2.50

2018 Avg HH Vehicles: 2.00 2.00 2.00

HOUSING

Median Home Value: $139,792 $186,355 $190,789

Median Year Built: 1977 1981 1979

Sources: Federal Reservice, CoStar and coloradospringschamberedc.com

Aerospace & DefenseInformation Technology &

Cybersecuri tyHealthcare & Medical Technologies

SportsManufactur ing

KEY INDUSTRIES

675,509POPULATION (EL PASO COUNTY)

34.4MEDIAN AGE

$54,228MEDIAN HOUSEHOLD INCOME

$68,580MEDIAN FAMILY INCOME

3.2%UNEMPLOYMENT (3/2018)

92.8%HIGH SCHOOL GRADUATE OR

HIGHER

14.3%GRADUATE OR PROFESSIONAL

DEGREE

https://coloradospringschamberedc.com/

STREAM REALTY PARTNERS // 303.957.5300 // WWW.STREAMREALTY.COM

EXCLUSIVELY REPRESENTED BY

Peter Beugg, SIORManaging Director

Stream Realty Partners303.957.5320

[email protected]

Tyler Reed, SIORManaging Director

Stream Realty Partners303.957.5319

[email protected]

Greg Pieratt, SIORPrincipal

Lee & Associates619.995.7241

[email protected]




6.1% cap absolute net lease colorado springs, co

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